Dynamics and determinants of Brazilian banking efficiency using stochastic frontier panel models
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Abstract
The study estimates banking efficiency both in general and segmented (Retail and Wholesale) as well as its temporal dynamics. The results of this study made it possible to identify relevant macroeconomic variables for efficiency, as well as to analyze efficiency performance in recessionary periods. The results indicate a heterogeneity of relevant variables for each bank, and therefore for each segmentation, as well as different efficiency reactions in periods of economic recession. These results allow the development of other research on this topic and are also pioneers for the Brazilian case, as far as the authors are aware.
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References
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